Examlex
The focus of total quality management programs is
Manufacturing Overhead
The indirect factory-related costs that are incurred when a product is manufactured, including costs such as maintenance, utilities, and quality control.
Standard Costing System
An accounting method that uses standard costs for product cost planning and control, involving setting predetermined costs for manufacturing activities.
Variable Overhead Efficiency Variance
Measures the difference between the actual hours taken to produce an item and the standard hours expected, multiplied by the variable overhead rate per hour.
Direct Labor-Hours
The total hours of labor directly involved in manufacturing a product or providing a service, which are directly attributable to the cost of creating that product or service.
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